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    4619 Main St Holt, FL 32564

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    For Sale
    $2,950,000

    Gas station with supermarket, home, and strong lease terms.

    Property size:
    7,491 SF
    Lot size:
    0.63 Acres

    Property Features for 4619 Main St

    General Information

    Size
    7,491 SF
    Lot size
    0.63 Acres

    Source: Grimaldi Commercial Realty Corp Agent David Rosenthal

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Shell Gas Station Investment Opportunity

    This property features a Shell gas station, a Browns supermarket, and a single-family home located at the rear of the property. The gas station benefits from a 20-year pure NNN lease, with a monthly rental rate starting at $20,000. The lease includes 10% rental increases every 5 years. The average 20-year cap rate is projected at 10%, with an in-place cap rate of 8% in 2024, increasing to 9% in 2029, 10% in 2034, and 11% in 2039. The gas station is the only one within a 10-mile radius directly off of Highway I-10. Browns supermarket has been a community staple for over 50 years. Recent renovations include a new canopy, new pumps, new lighting, new signage, and a new deli counter. A state-of-the-art check-out counter is planned for August of 2024. The property encompasses 7491 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Gas stations

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Holt
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.7475854
    Latitude
    30.715162

    Nearby Similar for Sale

    • $495,000

      Mobile Home and RV Park

      Established mobile home and RV park on 8.57 acres.
      4600 Wilkerson Bluff Rd, Holt, FL 32564
      View Details

    FAQs

    What type of property is this?
    Gas station - Gas station with supermarket, home, and strong lease terms.
    Where is this gas station located?
    The property is located at 4619 Main St Holt, FL.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: - 20-year NNN lease in place with a starting monthly rental rate of $20,000.; - Average 20-year cap rate of 10% with scheduled increases: 8% (2024), 9% (2029), 10% (2034), 11% (2039).; - Seller financing available up to $500,000 at 6% interest-only with a 2-year balloon.
    (813) 245-7333
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    4619 Main St Holt, FL 32564
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    Holt, FL 32564
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4619 Main St Holt, FL 32564
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